Ubiquiti Inc. (NYSE:UI) Stock Holdings Boosted by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. increased its position in Ubiquiti Inc. (NYSE:UI) by 34.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 286 shares of the company’s stock after acquiring an additional 74 shares during the period. Raleigh Capital Management Inc.’s holdings in Ubiquiti were worth $95,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Zacks Investment Management acquired a new position in Ubiquiti during the 3rd quarter worth $8,892,000. Pacer Advisors Inc. acquired a new position in shares of Ubiquiti during the third quarter valued at $7,030,000. Millennium Management LLC raised its stake in shares of Ubiquiti by 86.2% during the second quarter. Millennium Management LLC now owns 58,349 shares of the company’s stock valued at $8,499,000 after purchasing an additional 27,011 shares in the last quarter. SW Investment Management LLC lifted its holdings in Ubiquiti by 9.1% in the second quarter. SW Investment Management LLC now owns 300,000 shares of the company’s stock worth $43,698,000 after purchasing an additional 25,000 shares during the period. Finally, Barclays PLC grew its position in Ubiquiti by 4,880.2% in the 3rd quarter. Barclays PLC now owns 13,347 shares of the company’s stock valued at $2,959,000 after buying an additional 13,079 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors.

Ubiquiti Price Performance

Shares of NYSE UI opened at $431.65 on Friday. Ubiquiti Inc. has a twelve month low of $104.24 and a twelve month high of $432.56. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 2.80. The firm has a 50-day moving average of $354.53 and a two-hundred day moving average of $260.69. The company has a market capitalization of $26.10 billion, a price-to-earnings ratio of 66.82 and a beta of 1.14.

Ubiquiti (NYSE:UI) last released its earnings results on Friday, November 8th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $1.75 by $0.37. The business had revenue of $550.34 million during the quarter, compared to analyst estimates of $535.03 million. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. As a group, analysts expect that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.56%. Ubiquiti’s dividend payout ratio is currently 37.15%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays boosted their price target on shares of Ubiquiti from $104.00 to $236.00 and gave the stock an “underweight” rating in a research report on Monday, November 11th. BWS Financial boosted their target price on Ubiquiti from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.